Core Viewpoint - SF Express City achieved significant growth in its mid-year performance for the period ending June 2025, with revenue surpassing 10.236 billion RMB, marking a year-on-year increase of 48.8% and the first time achieving over 10 billion in half-year revenue [1] Financial Performance - Revenue increased by 48.8% year-on-year to approximately 10.236 billion RMB, with gross profit rising by 43.8% to about 681 million RMB [1] - Net profit attributable to shareholders surged by 120.4% to approximately 137 million RMB, setting a new record [1] - Adjusted net profit for the period was around 160 million RMB, reflecting a year-on-year growth of 139.0% [1] Business Growth Drivers - The growth was driven by the rapid expansion of the food delivery and instant retail sectors, leading to a more than 50% increase in order volume for same-city delivery services [1] - The optimization of business structure and increased contribution from high-quality customers also played a significant role [1] - Technological advancements and lean management practices enhanced operational efficiency and expanded network economies of scale [1] Service Performance - Revenue from same-city delivery services grew by 43.1% year-on-year to approximately 5.779 billion RMB, with food delivery demand significantly contributing to this growth [1] - Non-food delivery scenarios maintained a steady growth trend, with revenue increasing by 28.6% to 2.142 billion RMB, and revenue from merchant-facing non-food scenarios rising by 35.3% [1][2] Market Position and Client Relationships - The company achieved approximately 4.467 billion RMB in revenue from merchant-facing same-city delivery services, reflecting a year-on-year increase of 55.4% [2] - SF Express City maintained a leading market share through long-term partnerships with major clients and comprehensive service capabilities across various sectors [2] Sector-Specific Developments - In the restaurant sector, the company provided multi-channel order management and delivery services, resulting in rapid revenue growth for several major chain restaurants [3] - In retail, the company deepened collaborations with national chain supermarkets, offering customized services that led to increased revenue from key local clients [3] - The pharmaceutical sector saw significant growth, with multiple chain pharmacy clients achieving record order volumes [3] Consumer-Focused Services - Revenue from consumer-facing same-city delivery services reached approximately 1.312 billion RMB, a year-on-year increase of 12.7% [4] - The company focused on meeting the instant delivery needs of consumers in core urban areas, with business scenario revenue growing rapidly [4] - Last-mile delivery services experienced strong growth, with revenue increasing by 56.9% to approximately 4.457 billion RMB [4] Technological Advancements - The company is advancing operational digitization and AI decision-making to enhance efficiency [5] - Over 300 autonomous vehicles have been deployed in daily operations, covering over 60 cities, with an average of 20,000 active trips per month [5] - The integration of AI tools in various operational aspects is aimed at creating a differentiated logistics network [5] Strategic Collaborations - SF Express City continues to deepen strategic cooperation with SF Holding to provide integrated supply chain solutions [3] - The collaboration has resulted in a 29.5% year-on-year increase in external incremental revenue from monthly settled clients [3]
顺丰同城(09699)上半年收入净利润双高增，结合AI、无人车优化配送网络效率